FDIC Certificate #: 19397 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:Premier Bank (#12493) Federal Reserve ID: 63359 Date Established: March 29, 1965 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 8 (Interstate: No) FDIC's unique #: 13202 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: March 29, 1965 Last Structure Change Effective Date: November 04, 2011 Last Structure Change Process Date: November 07, 2011 Last Data Update: November 07, 2011 Data Source Date: April 05, 2012
Location
Address: 304 South 42nd Street, Omaha, NE 68131 County: Douglas Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Omaha Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: West Metropolitan Statistical Area (MSA): Omaha, NE-IA (#5920) Combined Statistical Area (CSA): Omaha-Council Bluffs-Fremont, NE-IA (#420) Core Based Statistical Area (CBSA): Omaha-Council Bluffs, NE-IA (#36540) CBSA Metro Statistical Area: Omaha-Council Bluffs, NE-IA (#36540)
Financial Summary
Total assets: $106.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2010)
Dollar figures in thousands
56Total employees (full-time equivalent)
$178,175Total assets
$40,627Cash and due from depository institutions
$33,188Interest-bearing balances
$42,942Securities
$4,000Federal funds sold & reverse repurchase agreements
$76,465Net loans & leases
$14,854Loan loss allowance
$0Trading account assets
$5,362Bank premises and fixed assets
$6,665Other real estate owned
$0Goodwill and other intangibles
$497Life insurance assets
$2,114All other assets
$178,175Total liabilities and capital
$172,597Total liabilities
$172,201Total deposits
$147,735Interest-bearing deposits
$172,201Deposits held in domestic offices
90.30%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$396All other liabilities
$5,578Total equity capital
$5,578Total bank equity capital
$5,578Perpetual preferred stock
$0Common stock
$510Surplus
$37,227Undivided profits
Memoranda
$-32,159Noncurrent loans and leases
$3,523Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$23,163Earning assets
$0Long-term assets (5+ years)
$724Average Assets, year-to-date
$156,595Average Assets, quarterly
$66,671Volatile liabilities
$205,201Insider loans
$191,690FHLB advances
$30,700Loans and leases held for sale
$199Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,523Total unused commitments
$108Restructured Loans and leases
$1,489Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$8,141Total interest income
$2,303Total interest expense
$5,838Net interest income
$18,526Provision for loan and lease losses
-$3,071Total noninterest income
$0Fiduciary activities
$371Service charges on deposit accounts
$688Trading account gains & fees
-$4,130Additional noninterest income
$17,313Total noninterest expense
$2,690Salaries and employee benefits
$1,640Premises and equipment expense
$12,983Additional noninterest expense
-$33,072Pre-tax net operating income
$154Securities gains (losses)
-$8,368Applicable income taxes
-$24,550Income before extraordinary items
$0Extraordinary gains - net
-$24,550Net income attributable to bank
$0Net charge-offs
-$24,550Cash dividends
$7,768Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.63%Yield on earning assets
1.31%Cost of funding earning assets
3.32%Net interest margin
-1.74%Noninterest income to earning assets
9.84%Noninterest expense to earning assets
-12.02%Net operating income to assets
-11.96%Return on assets (ROA)
-16.04%Pretax return on assets
-121.23%Return on equity (ROE)
-121.23%Retained earnings to average equity (YTD only)
7.80%Net charge-offs to loans
238.49%Credit loss provision to net charge-offs
-1.87%Efficiency ratio
625,696Assets per employee
3.18%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
16.27%Loss allowance to noncurrent loans
64.13%Noncurrent assets plus other real estate owned to assets
16.74%Noncurrent loans to loans
25.36%Net loans and leases to deposits
44.40%Net loans and leases to core deposits
54.04%Equity capital to assets
3.13%Core capital (leverage) ratio
3.03%Tier 1 risk-based capital ratio
5.76%Total risk-based capital ratio
Memoranda
$7Average assets
$205,201Average earning assets
$20,251Average equity
$175,996Average loans
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